Skechers price target raised to $66 from $60 at Citigroup Citigroup expects Skechers' momentum to continue into the second half of the year following "upbeat" meetings with management. Citi upped its price target to $66 and raised its earnings estimates for the company. The firm reiterates a Buy rating on the stock.
Skechers recent weakness a buying opportunity, says Citi Citi analyst Corinna Van der Ghinst said to use Skechers' recent weakness as a buying opportunity. Van der Ghinst said 1 week of POS sales data does not make a trend and is confident in the brand's momentum. The analyst said rain likely weighed on September week 5 POS sales and performance remains broad-based across categories. Citi rates Skechers a Buy with a $160 price target.